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Soluna's Data Center Growth Outshines Crypto Mining
Published 6 days, 9 hours ago
Description
Soluna Holdings experiences significant revenue growth, up 58% year-over-year, driven by their data center hosting business. Despite a net loss of $17.9 million, they ended the quarter with over $68 million in cash. The company is pivoting towards AI and high-performance computing, diversifying from Bitcoin mining as the crypto landscape becomes more challenging.
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